No consistent price growth deceleration yet seen - Central Bank of Russia Dep Governor Zabotkin

MOSCOW. Aug 29 (Interfax) - Latest data do not yet point to consistent deceleration of the current rate of price growth, Central Bank of Russia Deputy Governor Alexei Zabotkin said.

"If we work on the basis that there is no major adjustment compared to what the weekly data are showing, then we see that sustainable rates of price growth in August are probably still in the same 6%-7% range, on a seasonally adjusted annualized basis, that has been observed with slight variations since the beginning of this year," he said at a press conference in connection to mark the publication of the draft monetary policy guideline for 2025-2027.

So, "for now the data probably do not give any grounds to say that we are already clearly seeing a consistent deceleration of the current rate of price growth towards our target," he said.